Industry experts in partnership to stimulate UK medical technology
2 July 2009
The team behind the UK Access to Finance for Healthcare Technology
Companies programme has today announced an alliance with two of the
leading organisations in the regional medical technology sector.
The Access to Finance programme, launched by the English regional
development agency, Yorkshire Forward in February, has developed new
working relationships with Medipex, the regional NHS Innovation Hub and
Medilink (Yorkshire and Humber), the membership organisation which
facilitates growth in the regional medical industry.
This new alliance will enable regional businesses in the healthcare
technology sector to tap into investment expertise and advice from the
Access to Finance programme, alongside the innovation and NHS insight of
Medipex Ltd and the extensive network of Medilink.
Phil Whaley of Grant Thornton, manager of the Access to Finance
programme, said: “There is a real synergy between our programme and the
work of these two organisations. Both are helping to stimulate the
growth of the sector in the region by supporting medical innovation and
the Access to Finance programme is helping to attract investment for
Medipex is helping companies to develop R&D collaborations with the
NHS, by identifying staff who can evaluate concepts or products and
clinicians who can carry out clinical trials.
Richard Clark, chief executive of Medipex Ltd, welcomes the alliance.
He said: “Working with the Access to Finance programme will strengthen
our proposition to companies in the region. As a team we will be able to
offer all the advice and expertise needed for early stage development of
“Over the last three years Medipex has helped establish five new
healthcare businesses in the region and we value the relationship with
the Access to Finance programme in order to assist these companies to
get early stage investment and to grow.”
The Access to Finance for Healthcare Technology Companies programme
is a sponsor of this year’s Medilink Healthcare Business Awards in July.
The awards recognise outstanding business achievement in areas such as
exporting, innovation and growth.
Giles Proffitt, product innovation & operations manager said: “To
enhance the viability of the extensive base of great ideas and
innovative businesses within the region it is essential that our
companies receive the right investment support. Its great to be working
with a programme focused on strengthening access to new finance
Kevin Downes of consortium member BITECIC Ltd said: “There are
several organisations in the region providing valuable support to
developing health technology companies. We are keen to work more closely
with these organisations to identify appropriate companies for the
programme and to continue their preparation for investment.”
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